Press Releases

SCWorx Wins State University System Renewal Contract for $427,000

NEW YORK--(BUSINESS WIRE)--
SCWorx Corp (NASDAQ: WORX) today announced the signing of a renewal
agreement with an existing Midwestern State University. Initially, the
contract was a 1-year fixed-term agreement with the option to renew.
This is the second contract renewal totaling $427,000 with this highly
respected healthcare provider. The university is utilizing SCWorx’s data
normalization and analytics suite of application solutions.

“This renewal is especially gratifying for SCWorx as it further
validates that our SaaS-based platform and tools address critical issues
with data normalization to provide our customers a better understanding
of all components of their information in efforts to become as efficient
and effective as they can be. The university requires their vendors to
earn their business each year. It is a testament to the SCWorx team and
our services that we are able to earn their business for the third
consecutive year.” said Founder and CEO of SCWorx, Marc Schessel.
“SCWorx has built its business on exceeding customer expectations and we
are excited to continue offering our services to this university system.”

The Company does not expect to incur any significant additional overhead
resulting from this contract and anticipates procuring new contracts for
its software by numerous other healthcare providers in the foreseeable
future.

About SCWorx

SCWorx offers an advanced software solution for the management of health
care providers’ foundational business applications. Together these
software systems have been credited with the healthcare providers’
customers tending to realize reduced medical expenses, while healthcare
providers have tended to experience expanded revenues and more
successful and safer clinical outcomes. The SCWorx software solution
ultimately transforms many aspects of the healthcare providers’ business
through its delivery of highly accurate, real-time information that
offers the executives of these healthcare providers the ability to
optimize many areas of their day-to-day operations, negotiate better
contracts with their vendors and payors and make better decisions with
respect to strategic purchases.

Forward-looking Statements

This press release contains “forward-looking statements” that involve
substantial risks and uncertainties for purposes of the safe harbor
provided by the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, included in this
press release regarding strategy, future operations, future financial
position, prospects, plans and objectives of management are
forward-looking statements. Examples of such statements include, but are
not limited to, SCWorx may not actually achieve the plans, carry out the
intentions or meet the expectations or projections disclosed in the
forward-looking statements and you should not place undue reliance on
these forward-looking statements. Such statements are based on
management’s current expectations and involve risks and uncertainties.
Actual results and performance could differ materially from those
projected in the forward-looking statements as a result of many factors,
including, without limitation, securing future contracts and containing
costs.

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